Detroit's bankruptcy fees near $14 million, and counting

Detroit owes nearly $14 million to lawyers and consultants for work during the first three months of its bankruptcy proceedings.

The July 18 bankruptcing filing came after the struggling city built up liabilities of roughly $18 billion, according to CNNMoney. About $11.5 billion of that is unsecured debt such as pension funds, retiree health care costs and bonds sold by the city to investors.

Detroit's biggest bill came from its primary law firm, Jones Day, which submitted fees that amount to nearly half of the $14 million total.

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